Micron driven lower by important resistance - Analysis - 23-06-2017

Micron Technology's stock (MU) fell in the intraday levels, recording a loss of 0.37% in the last session, or 0.12 points, after the resistance of 32.06 held on, amid positive support from the 50-day SMA, with a positive divergence forming in the Stochastic indicator as shown below the attached chart, as the stock trades within an ascending price channel that limited recent trading. 

Therefore we expect the stock to return higher, especially if the resistance of 32.06 was breached, targeting the next one at 35.52.